Why environmental management may yield no-regret pollution abatement options
AbstractEmpirical evidence supports the existence of pollution abatement possibilities at negative costs, the so-called 'no-regret options'. We provide a microeconomic rationale for the existence of such potential at the firm level. An econometric application confirms that pollution abatement cost curves with no-regret options are compatible with a standard production function, as stated in our theoretical model.
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Bibliographic InfoArticle provided by Elsevier in its journal Ecological Economics.
Volume (Year): 68 (2009)
Issue (Month): 6 (April)
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Web page: http://www.elsevier.com/locate/ecolecon
No-regret options Pollution Environmental management;
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